Otis Worldwide Corp (OTIS)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.08 | 1.18 | 1.09 | 1.24 | 1.11 | 1.29 | 1.26 | 1.37 | 1.35 | 1.30 | 1.39 | 1.47 | 2.54 | ||||
| Number of days of payables | days | 338.84 | 308.99 | 333.80 | 293.67 | 330.19 | 282.38 | 289.71 | 265.47 | 270.19 | 279.94 | 262.70 | 248.15 | 143.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.08
= 338.84
The number of days of payables for Otis Worldwide Corp has shown fluctuations over the past eight quarters. In Q4 2023, the company took approximately 68.44 days to pay its suppliers, which was higher compared to the previous quarter but in line with the trend seen in Q4 2022.
The number of days of payables ranged between 54.33 to 68.44 days over the observed period. This indicates that the company typically takes around 2 to 2.5 months to settle its accounts payable.
Overall, the trend in the number of days of payables suggests that Otis Worldwide Corp manages its payables effectively, with a relatively consistent payment timeline. However, it would be beneficial to monitor any significant deviations from this trend to assess the company's cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023